How Does Saved Listings Work?
To save a listing to your list of favorites, click into the listing you're interested in and simply click the "Save Listing" button from the listing details page.
You have now saved your listing!
To view your saved listings, click on the top " Saved Listings" link at the top of the screen near the menu. Save as many as you want and catalog them with this easy-to-use feature!
This feature works by storing an HTTP cookie on your machine to store and retrieve your list of favorites. To clear all favorite listings, simply clear out your browser's cookies (under the browser's settings).
420 Cottage Way
Parrottsville TN 37843
MLS #10002410 · Listing Courtesy of eXp Realty, LLC
$319,900
Active
2,016
Sq Ft
3
Acres
2002
Built
Property Description
Rare find: two large, renovated residences on 3 park-like acres, priced well below the cost to build.
This side-by-side duplex in Parrottsville offers two spacious 1,008 sf homes, each with 2 bedrooms, 1 bath and an open, light-filled kitchen and living area. Built in 2002 and renovated in 2023, both feature luxury vinyl plank floors, updated kitchens with new appliances, fresh paint, new lighting and ceiling fans, their own heat pumps, W/D hookups and covered front porches, all under a metal roof.
The land is the showstopper: 3 acres of open ground backed by woods, with room for gardens, a fire pit, a play area or a workshop, just minutes from Newport. Space like this is hard to find with any rental, let alone a newer one.
Both homes are leased at $1,000/month through April 30, 2027, so income starts day one, and tenants pay their own separately metered electric and water. Live in one and rent the other, or keep both as rentals and let the property work for you.
Building new in East Tennessee runs $200+ per sf before land. Here you get two renovated homes and 3 acres for about $159 per sf.
Tenant-occupied. Please do not walk the property or disturb the tenants. Showings only after an accepted offer, during the inspection period, with proof of funds or lender pre-approval. Contact the listing agent for the full investment package with photos, aerial, rent roll and projected income.
Property Facts
Property TypeCommercial Sale
MLS Number10002410
City Taxes$0
County Taxes$1,585.06
Features & Amenities
Interior
Central Air
Central Heating
Range
Refrigerator
Exterior
City Street
Cleared
Metal Roof
Vinyl Siding Exterior
Other
220 Volts
Above Average Condition
Cable Available
Deed Restrictions
Electricity Connected
Leases
Public Water
Rental Rolls
Residential
Updated/Remodeled Condition
Water Connected
Directions
Take TN-354 S/Boones Creek Rd to US-11E S/E Jackson Blvd in Jonesborough
Follow US-11E S and US-321 S to Carpenter Rd in Cocke County
Continue on Carpenter Rd. Take Allen Chapel Rd to Cottage Rd
-
Additional Information
Contract InfoForeclosureNoGeneral Property Description# Parking Spaces4# Restrooms2Annual Lease0HOANoLeaseNoLot SizeSee AcresStories1Total Finished SqFt2,016Unfinished SqFt200ZoningCommercialInfo AvailableSee RemarksYesLocation Tax Legal InfoDeed Book #1,628Deed Page #784Sale IncludesSee RemarksYesSewerSee RemarksYes
Mortgage Calculator
Estimate your monthly payments!
Share This Listing
Want to see this property?
Fill out the form below!